8 Best Climate Change Stocks To Invest In Right Now

1. Sunnova Energy International Inc. (NYSE:NOVA)  

Upside Potential: 203.56%  

Sunnova Energy International Inc. (NYSE:NOVA) provides residential solar and energy storage services and is a leading player in the solar PV system market in the United States. The company plays a significant role in the adoption of clean energy by offering customers a range of financing options with 20 to 25-year terms.

On October 30, Sunnova Energy International Inc. (NYSE:NOVA) reported financial results for the third quarter and nine months ended on September 30. The company’s core business of customer agreements and incentives showed impressive growth, with a 43% increase in revenue to $121.5 million in the nine months ended September 30, compared to the previous year. This growth is driven by an increase in the number of solar energy systems in service, which has risen by 38% to 222,300.

Sunnova Energy International Inc. (NYSE:NOVA) has also seen an increase in average revenue per system, with Power Purchase Agreement (PPA) and lease revenue per system rising by 12% to $1,405 per system, driven by slightly larger average system sizes and higher battery attachment rates, which have risen to 32% for the nine months ended September 30.

As of September 30, Sunnova Energy International Inc. (NYSE:NOVA) had total cash on the balance of $473.9 million, of which $208.9 million was unrestricted cash and $1 billion was available as borrowing capacity under various debt financing arrangements.

While we acknowledge the potential of Sunnova Energy International Inc. (NYSE:NOVA) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NOVA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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